The lessor makes a
if the *capital proceeds from the grant, renewal or extension are
than the expenditure it incurred on the grant, renewal or extension. It makes a
if those capital proceeds are
The expenditure can include giving property: see section
. However, it does not include an amount you have received as *recoupment of it and that is not included in your assessable income, or an amount to the extent that you have deducted or can deduct it.
The lessor can choose to apply section
to certain long term leases. If it does so, this section does not apply.